Budget: Fed Govt Allocates N4.2bn To Moribund Ajaokuta Steel   The Federal Government has allocated the sum of N4.2bn to the Ajaokuta Steel Company Limited for the year 2022. This was disclosed in the 2022 budget details report obtained from the Budget Office. It was earlier reported that...

In Nine Months, Customs Generate N128.3bn From Onne Port   The Nigeria Customs Service (NCS), Area II Command in Onne Port, Rivers State, has collected a total of N128,317,325,936.68 as revenue from January to September 2021. The collected figure, which is N45,761,404,176.65 above the total of N82,555,921,760.03...

Nigeria, Others Piled Up $860bn Debts In 2020 - W/Bank   Low income countries, including Nigeria, piled up a debt of $860 billion last year, following COVID-19 outbreak, the World Bank has said. In a report, the World bank said: “Governments around the world responded to the...

Work Begins On N16.39trn Budget As Senate Panel Gets Documents Today   The Senate President, Ahmad Lawan, is expected to forward the 2022 Appropriation Bill to the Committee on Appropriation on Tuesday (today) during the plenary. A member of the panel disclosed this on condition of anonymity...

Budget: Power, Finance Projects Get Lion’s Shares Of N1.16trn Loans   The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms of projects costs, of the N1.16tn multilateral and bilateral loans that the Federal Government is planning to get to part...

We Process N60bn Electricity Invoices Monthly - NBET   The Nigerian Bulk Electricity Trading Plc on Sunday said it processed N60bn electricity invoices monthly for various operators in the power sector. NBET, a wholly owned agency of the Federal Government, is the manager and administrator of the...